Nova Vision Acquisition Stock Probability of Future Stock Price Finishing Over 12.08
| NOVV Stock | USD 37.00 0.00 0.00% |
Nova |
Nova Vision Target Price Odds to finish over 12.08
The tendency of Nova Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 12.08 in 90 days |
| 37.00 | 90 days | 12.08 | about 98.0 |
Based on a normal probability distribution, the odds of Nova Vision to stay above $ 12.08 in 90 days from now is about 98.0 (This Nova Vision Acquisition probability density function shows the probability of Nova Stock to fall within a particular range of prices over 90 days) . Probability of Nova Vision Acquisition price to stay between $ 12.08 and its current price of $37.0 at the end of the 90-day period is about 66.28 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.12 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nova Vision will likely underperform. In addition to that Nova Vision Acquisition has an alpha of 2.7384, implying that it can generate a 2.74 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nova Vision Price Density |
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Predictive Modules for Nova Vision
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nova Vision Acquisition. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nova Vision's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nova Vision Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nova Vision is not an exception. The market had few large corrections towards the Nova Vision's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nova Vision Acquisition, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nova Vision within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.74 | |
β | Beta against Dow Jones | 2.12 | |
σ | Overall volatility | 9.63 | |
Ir | Information ratio | 0.12 |
Nova Vision Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nova Vision for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nova Vision Acquisition can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nova Vision is way too risky over 90 days horizon | |
| Nova Vision appears to be risky and price may revert if volatility continues | |
| Nova Vision Acquisition currently holds about 567.98 K in cash with (569.87 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Nova Vision has a frail financial position based on the latest SEC disclosures | |
| Roughly 95.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from globenewswire.com: Discretionary transaction by Barclays Plc of 9000 shares of Nova Vision at 11.5 subject to Rule 16b-3 |
Nova Vision Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nova Stock often depends not only on the future outlook of the current and potential Nova Vision's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nova Vision's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.5 M | |
| Cash And Short Term Investments | 97.3 K |
Nova Vision Technical Analysis
Nova Vision's future price can be derived by breaking down and analyzing its technical indicators over time. Nova Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nova Vision Acquisition. In general, you should focus on analyzing Nova Stock price patterns and their correlations with different microeconomic environments and drivers.
Nova Vision Predictive Forecast Models
Nova Vision's time-series forecasting models is one of many Nova Vision's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nova Vision's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nova Vision Acquisition
Checking the ongoing alerts about Nova Vision for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nova Vision Acquisition help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nova Vision is way too risky over 90 days horizon | |
| Nova Vision appears to be risky and price may revert if volatility continues | |
| Nova Vision Acquisition currently holds about 567.98 K in cash with (569.87 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Nova Vision has a frail financial position based on the latest SEC disclosures | |
| Roughly 95.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from globenewswire.com: Discretionary transaction by Barclays Plc of 9000 shares of Nova Vision at 11.5 subject to Rule 16b-3 |
Additional Tools for Nova Stock Analysis
When running Nova Vision's price analysis, check to measure Nova Vision's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nova Vision is operating at the current time. Most of Nova Vision's value examination focuses on studying past and present price action to predict the probability of Nova Vision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Vision's price. Additionally, you may evaluate how the addition of Nova Vision to your portfolios can decrease your overall portfolio volatility.